‘Prison Made Me Mature’: says Phyo Min Thein Yangon Chief Minister

Yangon dominates Myanmar. Whilst Naypyidaw, 320km to the north, has been the capital for the past 11 years, this vibrant port city with its traffic-clogged streets, fading colonial splendour and the serene beauty of the Shwedagon Pagoda continues to enthral the nation. As Aung San Suu Kyi and her National League for Democracy (NLD) mark […]

Myanmar, France Chambers of Commerce Sign Pact for Stronger Economic Ties

Yangon Though investment by French firms in Myanmar has accounted for less than 1 per cent of the total forฌeign direct investment, the figures are likely to surge over the next few years as the Union of Myanmar Federation of Chamber of Commerce and Industry on Friday signed a memorandum of understanding (MOU) with CCI […]

Adviser: Actually, the Government Has Made Significant Strides on the Economy

Government economic adviser Sean Turnell has hit back against a barrage of recent criticism over the performance of the National League for Democracy (NLD)-led administration during its first year of office. The government’s achievements on the economy were “considerable” and “too often overlooked” the adviser said. Daw Aung San Suu Kyi’s government has been bruised […]

No More Toll Collection on Yangon Bridges

Toll collection on nine bridges in Yangon Region – linking the city and townships in the outskirt – will cease starting April 1. From this coming Saturday onwards, the Yangon-Thanlyin bridges No 1 and No 2 in Thanlyin township, the Bayintnaung bridges No 1 and No 2, the Aung Zeya Bridge and Pan Hlaing Bridge […]

Yangon to Boost Revenue by Taxing for-Profit Pandals

​​ Despite a government ban on for-profit pandals in public areas, the Yangon Region government will allow them in private areas during Thingyan, or water festival, according to Yangon Chief Minister U Phyo Min Thein on March 24. “We’ve received applications to hold entertainment pandals at The One Entertainment [in Thuwunna township], People’s park and […]

Rangoon Lawmakers Ask That City Expansion Project be Separated from Planning Bill

​​ RANGOON – Outspoken lawmakers urged the Rangoon regional government on Thursday not to continue city expansion without what they referred to as a “proper” business plan. In a debate session on the regional planning bill for 2017-2018, legislators asked that the expansion project, which was submitted as part of the bill, be re-submitted to […]

K30b Request to Boost Yangon Power Approved

​​ A request of K30 billion from the special reserved fund, granted by Budget Law of the Union 2016, to be spent for supplying the electricity power shortage in Yangon Region during the summer season was approved by the Pyidaungsu Hluttaw on March 17 amidst complaints by some MPs about poor electricity conditions in their […]

Business Community: Govt Must Clarify Laws to Secure Investment

​​ RANGOON — Local and international business leaders urged the ruling National League for Democracy (NLD) government to clarify the country’s laws to secure significant foreign investment. The comments were made at a forum on promoting business in Burma at the Sedona Hotel in Rangoon on Thursday organized by international media company Bloomberg and attended […]

Myanmar Fishery Export Income Set to Double

​​ THOUGH MYANMAR’S fishery export income took a dive for three straight years until 2015, industry players hold high hopes to rebound, given the slight increase last year and the potential continuation of growth this fiscal year ending on March 31. In FY2011-12, Myanmar could generate US$705.9 million (Bt24.7 billion) from fishery exports, after dropping […]

Ministry Reportedly Invited Electricity Tender Without Budget Approval

​​ RANGOON — Rangoon residents’ hope for 24-hr access to electricity is fading after the Ministry of Electricity and Energy said that it had no budget for two private electricity suppliers, which last year won a tender to provide electricity for the commercial capital. In 2015, the previous government initiated a plan to deal with […]